Gensource Potash Announces Completion of Shares for Debt Transaction

Saskatoon, Saskatchewan--(Newsfile Corp. - June 2, 2026) - Gensource Potash Corporation (TSXV: GSP) ("Gensource" or the "Company"), a fertilizer development company focused on sustainable potash production, is pleased to announce that pursuant to debt settlement agreements previous announced on May 25, 2026 between the Company and four directors of the Company (the "Creditors"), the Company has issued 9,866,668 common shares in the capital stock of the Company ("Common Shares") at a deemed price of $0.15 per Common Share in full payment of $1,480,000 in outstanding unsecured, non-interest bearing promissory notes owing by the Company to the Creditors (the "Shares for Debt Transaction"). The issuance of the Common Shares to the Creditors, insiders of the Company, is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").